Studies in business and management open the door to many professions – there is a need for business and management in every industry!
Business & Management Careers
Business and management graduates work in banking, communications, insurance, investment, manufacturing, mining, retailing, transportation, and other types of enterprise, as well as in consulting organizations, government agencies, and trade associations. The role of the business specialist varies with the size of the company. Large corporations may have a financial department with several business graduates on staff, while smaller firms may have graduates working with a wider range of duties such as corporate planning, finance or market research.
Working as a business man or woman requires an interest in figures and analysis. Language skills are highly valued and are a prerequisite for an international career. You should also practice your communication and presentation skills in order to be able to present complex economic information in a comprehensive way. You will find many company executives to be business graduates.
Studying Business & Management
Most universities and colleges offer education in business and management, from undergraduate studies to doctoral degrees. What subjects to take or degree to pursue depends on your prior experience and your career ambitions. Some professions require university degrees while others don't. It is popular to combine studies of business with studies of economics, engineering, languages, law, or logistics.
The core subjects of business and management are business administration and organizational management. Business administration covers areas of accounting, auditing, financing, marketing, organization, and management accounting while organizational management addresses areas such as group dynamics, organizational change and entrepreneurship.
Accounting involves the bookkeeping of day-to-day financial transactions and is used to create accurate financial reports on company revenues and costs as well as assets and liabilities.
A financial audit is the examination of a company's financial statements securing that the financial statements are relevant, accurate, complete and fairly presented.
Finance involves the administration of company assets. This part of business administration includes company investments, analysis of company finances, and methods for determining company value in mergers or public offerings.
Marketing includes reaching organizational goals through marketing campaigns. It involves market surveys and analysis, marketing plans, business intelligence etc.
For more information on studying Business, visit educations.com's Business Study Guide here!